$BIO /USDT Trading Signal – Heavy Sell-Off, but Is a Rebound Possible?
Current Price: $0.6928 (-15.51%)
24h Range: $0.6600 - $0.8298
24h Volume: 312.88M BIO
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Observation
$BIO has experienced a sharp decline, dropping over 15% in the past 24 hours. Despite this heavy sell-off, the price has stabilized near $0.69, forming a potential support zone. The question now is whether buyers will step in or if the bearish momentum will continue.
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Trading Plan (1H Timeframe)
Long Entry: $0.6800 - $0.7000
Targets:
T1: $0.7300
T2: $0.7700
T3: $0.8000
Stop Loss: $0.6500
Alternate Plan:
If price breaks below $0.6600:
Short Entry: $0.6600 - $0.6400
Targets:
T1: $0.6200
T2: $0.5900
Stop Loss: $0.6900
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Analysis
The MACD indicates bearish momentum, but the $0.6600 level appears to be a key support. A rebound above $0.70 could signal a short-term recovery, while a breakdown below $0.66 may lead to further declines.
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Strategy Advice
Monitor volume closely for signs of reversal or continuation. Use tight stop-loss levels to manage risks, and secure profits at target levels during rebounds.
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